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News Articles 2010

  • December 17, 2010
    Reverse Auction Research Center RA Efficiency Study at CBP
    Dr. David Wyld
    The Reverse Auction Research Center has released a first-of-its-kind study showing dramatic improvements in government procurement efficiencies through the use of an online reverse auction marketplace. The study focused on U.S. Customs and Border Protection’s use of FedBid for purchases of commodities and simple services.
  • December 14, 2010
    Washington Technology: Reverse Auctions Play Cost-savings Role For Agencies
    By Matthew Weigelt, Washington Technology
    Washington Technology explores growing use of reverse auctions by federal agencies focused on finding ways to effectively cut costs and improve transparency. Matthew Weigelt includes commentary by OFPP Administrator, Dan Gordon, former GSA official, Neal Fox, and president and CEO of Seville Government Consulting, Jaime Gracia.
  • December 13, 2010
    Defense News Op Ed: More Reverse Auctioning at DoD
    By John Young
    John Young, senior fellow at Potomac Institute for Policy Studies, FedBid senior advisor and a former U.S. undersecretary of defense for acquisition, technology and logistics, writes that DoD would be well served to increase utilization of reverse auctions for commodity purchases. Young explains reverse auctions can readily address DoD’s need to improve operational efficiency, save money and reduce fraud.
  • December 7, 2010
    Washington Technology: FedBid’s Reverse Auction Business Booms
    By Matthew Weigelt, Washington Technology
    Washington Technology reports on FedBid’s FY2010 results, which included $1.15 billion worth of goods and services purchased by the federal government through the FedBid online reverse auction marketplace, resulting in 12 percent savings. Use of the online marketplace by federal agencies has increased over 30 percent since FY2009.
  • November 29, 2010
    Washington Post: FedBid Gives Procurement a ‘Reverse eBay’
    By Marjorie Censer, Washington Post
    Government regulations make buying even simple equipment and supplies complex. But Tysons Corner-based FedBid is trying to make the process easier and the prices more competitive through a Web site it compares to a “reverse eBay.” The Washington Post profiles FedBid in its Captal Business section, explaining how the company is helping to improve the federal procurement process .
  • July 1, 2010
    NCMA Contract Management Article - DHS Saves Big on IT
    RADM (RET.) Lenn Vincent, industry chair at Defense Acquisition University, relates how DHS Office of Procurement Operations has used online reverse auctions to dramatically improve savings and efficiencies on IT purchases in an article in the July 2010 issue of the National Contract Management Association’s Contract Management magazine.
  • July 1, 2010
    How DHS Captures Big Savings on IT
    By Lenn Vincent, for Contract Management
    RADM (RET.) Lenn Vincent, industry chair at Defense Acquisition University, relates how DHS Office of Procurement Operations has used online reverse auctions to dramatically improve savings and efficiencies on IT purchases in an article published in the July 2010 issue of the National Contract Management Association’s Contract Management magazine.
  • April 21, 2010
    Mississippi State University Touts Savings from FedBid Buy
    In the face of a grim budget outlook for Mississippi’s university system, there is some good news. As reported to the Hattiesburg American by Mississippi State Higher Education Commissioner, Hank Bounds, universities are taking innovative steps to save money. A recent buy competed through FedBid for dormitory mattresses saved the system $84,000, or more than 30%.
  • March 20, 2010
    Marine Corps Community Services Awards FedBid Contract for Reverse Auction Services
    VIENNA, VIRGINIA, March 20, 2010 — FedBid, Inc., The Buyer-Driven Online Marketplace® for commodity buys, today announced that Marine Corps Community Services (MCCS) has awarded FedBid a contract to provide reverse auction services in support of the agency’s acquisition efforts.
  • March 15, 2010
    Washington Post Profiles FedBid President
    The Washington Post profiles FedBid President, Glenn Richardson, former Partner at Deloitte LLP and Arthur Andersen, in its “New at the Top” feature. Glenn provides insight regarding the world of government consulting and procurement and describes what led him to his current position at FedBid.